BuzzBuzzHome Corp.January 31, 2010 Quick!!! Get to work! It is Sunday January 31, which means that there are just a few more hours to go before the home renovation tax credit (HRTC) expires. STOP READING THIS! Get into your car and buy those supplies!! What is this HRTC you ask? And, how does it work? The HRTC is a 15% non-refundable tax credit for “eligible” renovation expenditures made to your home (yes… “home”.. which includes a house, townhouse, vacation property… … Read More
BuzzBuzzHome January 31, 2010 The Berczy (map) by Concert Properties has a cool name, but not as cool as the original “Five Corners” name, named after Toronto’s intersection with….. 5 corners! Now, for those of you that don’t know, there is a park across the street named after William Berczy, the painter and pioneer (Wikipedia), which I can only assume is the reason for the new name. The rendering to the left was just recently released, and is a nice … Read More
Redfin CEO Glenn Kelman says he’s thought of bringing his company to Canada but is ‘waiting for things to happen’ and ‘doesn’t want to spend all his time arguing’…says website would need to be totally different, the rules are different, user experience would be different… (Source: The Globe and Mail) As chief executive officer of Redfin.com, Glenn Kelman is on the forefront of a changing real estate industry in the United States, agitating for a change toward a more customer-centric … Read More
Construction continues at the Bohemian Embassy residential and retail project on Queen Street West in Toronto. BuzzBuzzHome Jan 30, 2010 Bohemian Embassy Flats and Lofts [map] is a residential development located at 1171 Queen Street West in Toronto’s Queen Street West neighbourhood. The project is a component of the multi-structure residential and retail complex, Bohemian Embassy, by developer Pemberton Group. Bohemian Embassy Flats and Lofts will consists of a 9 story mid-rise feature and 19 storey tower with 345 total … Read More
Sales hit 6,295 in last quarter, up from meagre 917 at the start of 2009 (Source: The Toronto Star) Toronto’s love affair with condominiums continued in the fourth quarter of 2009, helping developers end the year on a high note. There were 14,792 condominium sales last year, up 2 per cent from 2008, according to figures released by market research firm Urbanation Inc. Friday. The fourth quarter was especially strong with 6,295 sales, the third highest on record. “Last year … Read More
Internet-savvy companies breaking MLS’s Lock on Listing Data… (Source: The Globe and Mail) One day in 2002, a self-professed computer nerd named Glenn Kelman scratched his head. Why was it, he wondered, that he could get more information about a $20 book for sale at Amazon.com than he could for a $500,000 home listed on the national Multiple Listing Service? Later that year, Mr. Kelman founded Redfin.com. He describes the site as a cross between Century 21 and E*Trade. A … Read More
BuzzBuzzHome Jan 29, 2010 Donald Trump, the real estate mogul and outspoken reality television personality, has set his sites on the massive apartment complex, Peter Cooper Village – Stuyvesant Town AKA ‘StuyTown’. The New York Post reports that Trump is seeking to either buy or manage the complex. StuyTown is a large private residential development in the East Side of the borough of Manhattan in New York City. It was planned in 1943 and its first tenants, two World War … Read More
BuzzBuzzHome Jan 29 2010 Real estate in Toronto is hot. According to Re/Max it isn’t a bubble though. “There is simply no evidence of a housing bubble,” says Michael Polzler, Excecutive Vice President, RE/MAX Ontario-Atlantic Canada. According to a RE/MAX report released on Thursday the following are the top 10 districts for appreciating home values: 1. South Pickering – Avg Price ’08 $327,838 – Avg Price ’09 $358,493 – Up 9.4% 2 Malvern, Hillside, Rouge – Avg Price ’08 $343, … Read More
Kiyoko Fujimura Buzzbuzzhome Corp. January 29, 2010 The sprawling suburbs of Toronto have come out on top according to a report released by ReMax. Topping the list was South Pickering which has witnessed a 9.4% increase in property values. Why? Low interest rates stimulated demand that drove prices up. This means that most purchasers were fairly sensitive to prices (it took cheap financing for them to consider buying). These bargain shoppers looked for affordability, accessibility to Toronto and spaciousness. Suburban … Read More
(Source: The Globe and Mail) For adventurous home-buyers looking for digs in Toronto’s old industrial zones, the junction of King and Queen Streets East, just west of the Don River, is one of the city’s last frontiers. But don’t wait too long. The gruff brick factories and warehouses that dot the area, and the Victorian storefronts along King and Queen, are being rapidly changed into chic dwellings and offices for people who don’t mind, or actually like (as I do), … Read More
